SEC alleges Texas firm took investors for $3M

DALLAS, Tx In a statement Friday, the SEC said it filed suit in federal court in Dallas Thursday against Plano-based 2Randall Consulting Group LLC and Brion Gary Randall.

U.S. District Judge Reed O'Connor issued orders freezing the company's assets and appointing a receiver.

The suit alleges that at least six investors were led to believe their money would be placed in a mutual fund master account. The SEC says that account didn't exist.

The lawsuit also alleges Randall distributed bogus account statements and fake "screen shots" of online banking activity.

A call to Randall's cell phone by The Associated Press wasn't returned Friday.

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